How much funding can be received?

The Tech Transition – Manufacturing program is designed to support Laval-based manufacturing companies in their digital transformation and automation projects, enhancing their competitiveness both locally and internationally. The program offers financial assistance for equipment acquisition costs and the development or integration of AI-based innovative solutions, covering up to 25% of eligible expenses with maximum funding limits of $75,000 for equipment acquisition and $25,000 for AI development initiatives.

grant_single_labels|projects

Yes, there are eligible projects and activities for this grant.

Eligible projects include the acquisition of equipment and the development or integration of AI-based innovative solutions in manufacturing, as well as the initial costs and usage fees for existing AI solutions.

Acquisition of manufacturing equipment and related components
Installation and software costs for the equipment
Development and integration of AI-based innovative solutions
Initial costs and first-year usage fees for existing AI solutions

grant_single_labels|admissibility

The eligibility criteria for this grant include being a legally incorporated for-profit company in Quebec or Canada, established in Laval, and demonstrating financial capacity for sustained operations. The investment project must be carried out at a Laval facility and expenses/contracts should not be confirmed before the financial assistance application submission.

Be a for-profit company legally incorporated in Quebec or Canada.
Be established in Laval.
Be a manufacturing company or have production activities.
Have been operating for at least two years.
Demonstrate financial capacity to sustain operations.
Carry out the investment project at a Laval facility.
Expenses and contractual commitments must not be confirmed before the financial assistance application is submitted and an acknowledgment of receipt from the program manager is received.

grant_eligibility_criteria|who_can_apply

The Tech Transition – Manufacturing program in Laval provides financial assistance to specific types of companies to support their digital transformation and automation projects. Eligible companies must meet certain criteria to qualify for the grant.

For-profit companies legally incorporated in Quebec or Canada
Companies established in Laval
Manufacturing companies or those with production activities
Companies that have been operating for at least two years
Companies demonstrating financial capacity to sustain operations
Companies carrying out the investment project at a Laval facility

grant_eligibility_criteria|who_cannot_apply

The grant context does not explicitly mention types of companies that are not eligible for the grant. However, eligibility criteria can indirectly exclude some companies.

Not for profit companies
Companies not legally incorporated in Quebec or Canada
Companies not established in Laval
Companies without manufacturing or production activities
Companies operating for less than two years
Companies unable to demonstrate financial capacity to sustain operations
Investment projects carried out outside of a Laval facility

grant_eligibility_criteria|eligible_expenses

Yes, there are eligible expenses for this grant. Below is a list of eligible expenses:

Costs for acquiring equipment and related components (excluding materials, inventories, and other supplies).
Direct costs related to equipment installation: transportation and leasehold improvements.
Software acquisition and installation costs.
Professional fees related to the project.
Direct labor costs involved in the project, limited to the hourly rate.

grant_eligibility_criteria|zone

The eligible geographic zone for this grant is Laval in the province of Quebec, Canada.

Laval, Quebec, Canada

grant_single_labels|criteria

Yes, there are evaluation and selection criteria for the Tech Transition – Manufacturing grant. The selection is based on the program’s terms and conditions after the committee validates the information received in the complete application.

The company must be legally incorporated in Quebec or Canada.
The company must be established in Laval.
The company must be a manufacturing entity or have production activities.
The company must have been operating for at least two years.
The company must demonstrate financial capacity to sustain operations.
The investment project must be carried out at a Laval facility.
Expenses and contractual commitments must not be confirmed before submitting the financial assistance application and receiving an acknowledgment of receipt from the program manager.

grant_single_labels|register

Step 1: Ensure Eligibility
Be a for-profit company legally incorporated in Quebec or Canada
Be established in Laval
Be a manufacturing company or have production activities
Have been operating for at least two years
Demonstrate financial capacity to sustain operations
Carry out the investment project at a Laval facility
Ensure that expenses and contractual commitments are not confirmed before the financial assistance application is submitted and an acknowledgment of receipt from the program manager is received
Step 2: Phase I - Diagnostic
Conduct a diagnostic of the company with Laval's economic ecosystem partners
Step 3: Phase II - Implementation Plan Development
Develop an implementation plan based on the diagnostic
Step 4: Phase III - Project Realization
Complete the necessary documentation for the financial assistance application:
Equipment and AI Development components:
A duly completed application form
Financial statements for the last two fiscal years
Diagnostic and implementation plan
AI Solutions component:
A duly completed application form
Quotes
Service agreement (minimum duration of 6 months) between the client and the company accelerated by TerroX
Submit the application and required documents to Laval économique
Step 5: Committee Evaluation
Laval économique’s Tech Transition – Manufacturing Committee evaluates the request based on the program’s terms and conditions

grant_single_labels|otherInfo

This grant is designed to help Laval-based companies in their technological growth and digital transformation. It offers financial assistance for equipment acquisition, AI development, and AI solutions.

Eligibility: For-profit companies legally incorporated in Quebec or Canada, located in Laval, operating for at least two years, and with financial capacity to sustain operations.
Expenses must be incurred after the financial assistance application submission and acknowledgment receipt.
Three phases of the journey: Diagnostic, Implementation Plan Development, and Project Realization.
Application requires a duly completed form, financial statements, diagnostic and implementation plan, and quotes/service agreement for AI Solutions component.

grant_single_labels|contact

438-823-1468

Apply to this program

Business Launch Fund

The Business Launch Fund offers financial assistance up to $25,000 for newly established businesses or for the acquisition of an existing business in Laval, provided that the application is submitted within the first two years of business creation or acquisition and paired with an FLI loan.

Comprehensive Guide to the Business Launch Fund

Starting a new business or acquiring an existing one involves significant planning and financial investment. To support emerging entrepreneurs in their journey, Laval's Business Launch Fund provides an opportunity to secure financial assistance aimed at fostering the growth and sustainability of new enterprises. This guide provides in-depth details about the Business Launch Fund, eligibility criteria, application process, and other essential information designed to help you successfully apply for this valuable grant.

Overview of the Business Launch Fund

The Business Launch Fund is an initiative by Laval Économique, aimed at supporting start-ups and newly acquired businesses in their foundational years. The fund provides up to $25,000 in financial assistance, ensuring that new businesses have the required capital to fuel their initial growth and operational needs.

Eligibility Criteria

To be eligible for the Business Launch Fund, applicants must meet the following criteria:

Business Status: The applicant must be a start-up or in the process of acquiring an existing business. The application should be submitted within the first two years of the business creation or acquisition.
Location: The business must be legally incorporated in Quebec or Canada and established in Laval.
FLI Loan: The application for the Business Launch Fund should be combined with an FLI loan to qualify for the grant.

Financial Assistance Details

The fund offers financial assistance of up to $25,000 per business. The assistance can be used to cover various start-up costs, including but not limited to:

Initial expenses such as rent, utilities, and office supplies
Equipment and technology purchases required for the business operations
Marketing and promotion to help the business build its customer base
Professional fees like legal, consulting, and accounting services

Application Process

The application process for the Business Launch Fund involves several steps. To ensure a smooth and successful application, follow the guide below:

Prepare Your Business Plan: Before applying, develop a comprehensive business plan that outlines your business idea, market analysis, financial projections, and operational strategies. A well-prepared business plan is crucial for demonstrating the viability and potential of your business.
Secure an FLI Loan: As one of the eligibility requirements, you must secure an FLI loan. Ensure that you have the necessary documentation and approvals in place for this loan before applying for the Business Launch Fund.
Complete the Application Form: Fill out the Business Launch Fund application form with accurate and complete information. Double-check all details to avoid any errors or omissions that could delay the application process.
Submit Supporting Documents: Attach all required supporting documents, such as financial statements, proof of incorporation, and any other relevant documents that bolster your application.
Submit Your Application: Submit your completed application form and supporting documents by the deadline of February 15, 2025. Ensure that everything is submitted according to the guidelines provided by Laval Économique.

Important Deadlines

The deadline to submit your application for the Business Launch Fund is February 15, 2025. It is recommended that you start the application process well in advance to ensure you meet all requirements and avoid any last-minute issues.

Evaluation and Selection Process

Once your application is submitted, it will be reviewed by a committee at Laval Économique. The evaluation process considers several factors, including:

The viability and sustainability of the business plan
The potential impact and contribution of the business to the local economy
The applicant's financial capacity to sustain operations
The strategic fit with the objectives of the Business Launch Fund

Applicants will be notified of the committee's decision within a stipulated time frame. Successful applicants will receive the grant and can proceed with utilizing the funds as planned.

Additional Support and Resources

Laval Économique offers additional support and resources to businesses applying for the Business Launch Fund. This support includes mentorship, access to business networks, and guidance through the application process. Engaging with these resources can enhance your chances of a successful application and help you effectively utilize the grant for your business growth.

Conclusion

The Business Launch Fund is a significant opportunity for new businesses in Laval to secure essential financial support during their critical initial years. By providing up to $25,000 in financial assistance, the fund ensures that start-ups and newly acquired businesses have the resources needed to establish themselves, grow, and thrive in a competitive marketplace. If your business meets the eligibility criteria, take advantage of this fund to kickstart your entrepreneurial journey.

For further information, guidance, or to start your application process, contact Marc Charest, Technology Transformation Commissioner at Laval Économique. Utilize this grant to lay a strong foundation for your business and contribute to the vibrant economic landscape of Laval.